Individuals who face greater risks
a. are more likely to purchase insurance
b. are less likely to purchase insurance
c. are neither more nor less likely to purchase insurance
d. are risk neutral
a
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The agreement to provide a standardized commodity to a buyer on a specific date at a specific future price is
A) a put option. B) a call option. C) a futures contract. D) a mortgage-backed security.
Aggregate private spending is unstable according to policy activists, primarily because
A) consumer non-durable spending is volatile. B) private residential and non-residential investment is volatile. C) government spending is volatile. D) the money supply is unstable.
In the market for used cars we have 10 sellers, willing to sell at the prices of $1000 . $2000 . $3000 . $4000 . $5000 . $6000 . $7000 . $8000 . $9000 . $10000 . What could the market price be in order to induce five sellers to offer their cars for sale?
a. $4001 b. $5001 c. $6001 d. $7001
A competitive firm facing a perfectly elastic demand curve can: a. increase price without losing any sales
b. sell all of its output at any price it chooses. c. sell all of its output at the market price. d. sell more output only by reducing its price.